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Stansberry Investor Hour

How to Identify the Best Mining and Exploration Companies

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4677 Ratings

🗓️ 12 August 2024

⏱️ 59 minutes

🧾️ Download transcript

Summary

On this week's Stansberry Investor Hour, Dan and Corey welcome Brent Cook back to the
show. Brent is an economic geologist, as well as the founder and senior adviser of newsletter
company Exploration Insights. With more than 30 years of experience in property economics
and geology evaluations – spanning 60-plus countries – Brent has seen it all. He is one of the
most credible, successful, and knowledgeable mining-stock investors in the world. If you
invest in mining stocks, this episode is an absolute must-listen experience.

Brent kicks off the show by discussing what's happening at Yellowstone and what he learned 
from attending Rick Rule's mining conference. Brent warns investors to beware of mining
and exploration companies that are picking up old, "dead" projects and redrilling holes,
purely to bump up their share price and raise capital. After, Brent details a bit about his
career history and how he ended up in geology. (0:43)

Next, Brent discusses what investors should look for when trying to find a mining company 
worth buying. This includes the narrative of the broader economy, the risk profile, and
knowing what kinds of results you want to see from the company in terms of drill results. As
he explains, folks should seek high-margin companies with good management teams and
with deposits in friendly jurisdictions. He lists off several regions and countries that he
believes look promising today, plus some complications he has faced in the past. (19:21)

Finally, Brent names a copper-mining company that he's interested in today. It has water 
rights, no environmental liabilities, and a project that looks auspicious. He also shares a
gold-mining company he likes that's developing a very high-grade deposit in Australia. Brent
then explains the difference between mining and extracting gold and copper, and he makes
a bullish case for the red metal. (34:02)

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value and a Ferris report both published by Stansberry Research.

0:10.0

And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today we interview economic geologist Brent Cook.

0:17.0

Brent is also the co-editor and founder of Exploration Insights, an exploration mining focus newsletter.

0:25.4

He's also, I found out, a great beach volleyball player.

0:29.5

Let's talk with him right now and find out more about exploration mining and beach volleyball and whatever else is on his mind.

0:37.1

Let's talk with Brent Cook.

0:38.5

Let's do it right now.

0:43.5

All right, Brent, welcome back to the show.

0:45.9

It's good to see you again, as always.

0:48.3

Hey, thank you.

0:49.1

Good to be back.

0:50.6

So we ran into each other at Rick Rules event, and that's sort of why we're here.

0:58.2

But before we talk about that event or what you might have learned or what you're doing now,

1:05.4

we need to cover the matter of the, let's see, I don't even know if I can pronounce this correctly.

1:13.7

The freatic, is it, was it a friatic eruption that you tweeted about on July 23rd?

1:26.0

And I, in the Yellowstone National Park of the Biscuit Basin quite an eruption.

1:30.4

I mean, people are like running to get out of the way of it.

1:34.0

But you made a point, this, this is important to me because when Yellowstone finally blows, I'm toast.

1:42.9

It's it's right down the road. So when that super cone or

1:48.2

caldera or whatever they call it blows, Dan, there will be no more Dan. So, but you said,

1:55.3

well, most likely freatic with no magma. If there is magma involved, look out. So what are we talking about here?

2:04.4

I need to know. Okay, so there's what's called a hot spot that has been moving across from

...

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